BCRE.L Regulatory News (BCRE)

BCRE - Brack Capital Real Estate Investments N.V.

("BCRE" or the "Company")

Announces agreement to purchase a building in West Village, Manhattan, New York

The Company is pleased to announce that its US subsidiary has exchanged contracts to purchase a property. The transaction involves the purchase of a vacant building, (the "Building") located in the West Village, Manhattan, New York. The Building compromises approximately 115,000 sq.f. gross internal area.

The purchase price for the building is $105 million (the "Purchase Price"), and the Company has deposited $10 million in escrow with a title insurance company (the "Deposit"), which will be deducted from the Purchase Price upon closing of the deal.

Closing of the deal is scheduled to take place within 60 days however, the Company has the right to extend the closing date for two periods of 30 days each, subject to an increase in the Purchase Price and the Deposit amount for each extension.

The Company will make a further announcement as and when the acquisition is completed.

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About BCRE

BCRE is an international real estate development and investment group, headquartered in the Netherlands and listed on the London Stock Exchange. Through its subsidiary and associated undertakings, the Company is interested in, develops and operates an international portfolio of real estate assets, predominantly located in the USA, Germany, Russia, India and the UK.

The Company has established local management team platforms with significant local market expertise in the US, Germany, Russia, India and the UK with exclusive access to over 400 staff. At present, the Company has offices and teams in New York, London, Frankfurt, Düsseldorf, Moscow, Kazan, New Delhi, Amsterdam, Limassol and Budapest.